You found the following earned value analysis information for a project that was recently closed-out:

SPI = 0.7, CPI = 1.0

The project has been cancelled while it was executed. At that time the project was behind schedule and on budget. The project's deliverables have all been finished. The project came in behind schedule but on budget. The project's deliverables have all been finished. The project came in ahead of schedule but on budget. The project's deliverables have all been finished. The project came in on schedule but over budget.

"The schedule performance index (SPI) is a measure of schedule efficiency expressed as the ratio of earned value to planned value. It measures how efficiently the project team is using its time. An SPI value less than 1.0 indicates less work was completed than was planned. An SPI greater than 1.0 indicates that more work was completed than was planned." (PMBOK 219)

The correct answer is option A.The Scheduled Performance Index (SPI) is a measure of schedule efficiency expressed as the ratio of earned value to planned value. SPI= EV/PVThe Cost Performance Index (CPI) is a measure of cost efficiency expressed as the ratio of earned value to actual cost. CPI= EV/AC